DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of All Derivative Instruments [Table Text Block]

The following table summarizes the notional amounts of all derivative instruments:
	Notional Amounts (1)
	As of December 31,
	2018		2017
(In thousands)
Undesignated economic hedges:
Interest rate contracts:
Written interest rate cap agreements	$	68,510	$	91,010
Purchased interest rate cap agreements		68,510		91,010
Interest rate lock commitments		11,722		-
Forward Contracts:
Sale of TBA GNMA MBS pools		33,000		26,000
Forward loan sales commitments		6,339		-
	$	188,081	$	208,020
(1) Notional amounts are presented on a gross basis with no netting of offsetting exposure positions.

Summary of Fair Value of Derivative Instruments and Location in Statement of Financial Condition [Table Text Block]

The following table summarizes for derivative instruments their fair values and location in the consolidated statements of financial condition:
	Asset Derivatives					Liability Derivatives
	Statement of	December 31,		December 31,			December 31,		December 31,
	Financial Condition	2018		2017		Statement of	2018		2017
	Location	Fair Value		Fair Value		Financial Condition Location	Fair Value		Fair Value
(In thousands)
Undesignated economic hedges:
Interest rate contracts:
Written interest rate cap agreements	Other assets	$	-	$	-	Accounts payable and other liabilities	$	617	$	305
Purchased interest rate cap agreements	Other assets		623		305	Accounts payable and other liabilities		-		-
Interest rate lock commitments	Other assets		383		-			-		-
Forward Contracts:
Sales of TBA GNMA MBS pools	Other assets		-		7	Accounts payable and other liabilities		383		19
Forward loan sales commitments	Other assets		12		-			-		-
		$	1,018	$	312		$	1,000	$	324

Effect of Derivative Instruments on Statement of Income (Loss) [Table Text Block]

The following table summarizes the effect of derivative instruments on the consolidated statements of income:
		Gain (or Loss)
	Location of Unrealized Gain (loss)	Year ended
	Recognized in	December 31,
	Statement of Income on Derivatives	2018		2017		2016
		(In thousands)
Undesignated economic hedges:
Interest rate contracts:
Written and purchased interest rate cap agreements	Interest income - Loans	$	22	$	(2)	$	-
Interest rate lock commitments	Mortgage Banking Activities		383		-		-
Forward contracts:
Sales of TBA GNMA MBS pools	Mortgage Banking Activities		(371)		189		(78)
Forward loan sales commitments	Mortgage Banking Activities		12		-		-
Total gain (loss) on derivatives		$	46	$	187	$	(78)